avoid interest accrural on inactive accounts

  • ithaiti
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12 years 5 months ago #10261 by ithaiti
Hello my friends...
can you help me with this issue is any way to have in t24 a routine or a flag table that will stop interest populate on inactive savings accounts...
please help
James

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12 years 5 months ago #10301 by durai611
You can go for a COB job which selects the account records that are inactive and set in respective ACCOUNT.DEBIT.INT & ACCOUNT.CREDIT.INT field INTEREST.DAY.BASIS as NONE. So that interest won’t be calculated for those accounts. Once the account is active you can set this field as GROUP so that GROUP.DEBIT.INT & GROUP.CREDIT.INT calculation will get effect from the date specified in ID.
Also have a look over the field INT.NO.BOOKING in Account application, where there is an option to suspense the interest and collect it later.

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12 years 5 months ago #10307 by ithaiti
Best thank you I will try and let you know
James

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12 years 5 months ago #10313 by durai611
Also there is an option by grouping inactive accounts using CONDITION.PRIORITY, where you have to define INACTIVE.MARKER as one of the priority item. So that you can avoid some local development.

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